US Foods Announces Closing of Secondary Public Offering of Common
Stock and Full Exercise of Underwriters’ Option to Purchase Additional
Shares

May 17, 2017 05:24 PM Eastern Daylight Time

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE:USFD) today announced the closing of the
underwritten secondary public offering of 46,000,000 shares of common
stock by investment funds associated with Clayton, Dubilier & Rice, LLC
and Kohlberg Kravis Roberts & Co. L.P. and certain members of management
and the board of directors (collectively, the “Selling Stockholders”) at
a price to the public of $28.25 per share for a total offering size of
$1,299,500,000. The offering included the exercise in full of the
underwriters’ option to purchase an additional 6,000,000 shares of
common stock. US Foods did not sell any stock in this transaction and
did not receive any proceeds from the sale of the shares of common stock
by the Selling Stockholders.

A registration statement, including a prospectus, on Form S-1 relating
to the offering was declared effective by the U.S. Securities and
Exchange Commission (“SEC”) on May 11, 2017. Copies of the prospectus
related to the offering may be obtained from Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY 10282,
by telephone toll-free at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com;
from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014; or from J.P. Morgan
Securities LLC, Attention: Prospectus Department c/o Broadridge
Financial Solutions, Long Island Avenue, Edgewood, NY, 11717, by
telephone toll-free at 1-866-803-9204. The registration statement is
available on the SEC’s website at www.sec.gov
under the US Foods’ name.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

About US Foods

US Foods is one of America’s great food companies and a leading
foodservice distributor, partnering with approximately 250,000 chefs,
restaurants and foodservice operators to help their businesses succeed.
With nearly 25,000 employees and more than 60 locations, US Foods
provides its customers with a broad and innovative food offering and a
comprehensive suite of e-commerce, technology and business solutions. US
Foods is headquartered in Rosemont, IL, and generates approximately $23
billion in annual revenue.